Cowen Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $78.00

Lattice Semiconductor (NASDAQ:LSCCGet Rating) had its price target boosted by Cowen from $70.00 to $78.00 in a report released on Tuesday, The Fly reports.

Several other brokerages also recently issued reports on LSCC. Susquehanna raised Lattice Semiconductor from a neutral rating to a positive rating and set a $65.00 target price on the stock in a research note on Tuesday, May 24th. Craig Hallum lowered their target price on Lattice Semiconductor from $60.00 to $55.00 in a report on Thursday, May 5th. Susquehanna Bancshares upgraded Lattice Semiconductor from a neutral rating to a positive rating and set a $65.00 price objective for the company in a research note on Tuesday, May 24th. Finally, StockNews.com raised Lattice Semiconductor from a hold rating to a buy rating in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $74.88.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $64.52 on Tuesday. The firm has a market cap of $8.88 billion, a PE ratio of 66.52 and a beta of 1.21. Lattice Semiconductor has a fifty-two week low of $43.41 and a fifty-two week high of $85.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.30 and a current ratio of 2.96. The business has a 50 day moving average price of $52.36 and a 200-day moving average price of $53.82.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last posted its quarterly earnings data on Monday, August 1st. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Lattice Semiconductor had a return on equity of 34.11% and a net margin of 23.20%. The business had revenue of $161.37 million during the quarter, compared to the consensus estimate of $157.98 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. Equities research analysts predict that Lattice Semiconductor will post 1.18 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Glenn O’rourke sold 949 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $63.11, for a total value of $59,891.39. Following the transaction, the senior vice president now owns 10,126 shares in the company, valued at approximately $639,051.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Glenn O’rourke sold 949 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $63.11, for a total value of $59,891.39. Following the sale, the senior vice president now owns 10,126 shares of the company’s stock, valued at approximately $639,051.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Krishna Rangasayee sold 31,256 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $53.82, for a total value of $1,682,197.92. Following the transaction, the director now directly owns 27,552 shares in the company, valued at approximately $1,482,848.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,643 shares of company stock worth $6,813,332. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

Large investors have recently modified their holdings of the stock. CWM LLC increased its stake in shares of Lattice Semiconductor by 338.6% in the first quarter. CWM LLC now owns 557 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 430 shares during the period. Parallel Advisors LLC grew its position in Lattice Semiconductor by 84.6% in the first quarter. Parallel Advisors LLC now owns 539 shares of the semiconductor company’s stock worth $34,000 after buying an additional 247 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Lattice Semiconductor in the 1st quarter worth approximately $35,000. Prospera Financial Services Inc acquired a new position in Lattice Semiconductor in the 1st quarter worth approximately $39,000. Finally, Quadrant Capital Group LLC boosted its stake in Lattice Semiconductor by 83.6% in the 1st quarter. Quadrant Capital Group LLC now owns 685 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 312 shares during the period. Institutional investors own 95.25% of the company’s stock.

About Lattice Semiconductor

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Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

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